payment of insurance indemnity
1indemnity — in·dem·ni·ty /in dem nə tē/ n pl ties 1 a: security against hurt, loss, or damage b: exemption from incurred penalties or liabilities 2 a: indemnification (1) b: something (as a payme …
2insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …
3insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …
4Indemnity — An indemnity is a sum paid by A to B by way of compensation for a particular loss suffered by B. The indemnifying party (A) may or may not be responsible for the loss suffered by the indemnified party (B). Forms of indemnity include cash payments …
5indemnity — in‧dem‧ni‧ty [ɪnˈdemnti] noun indemnities PLURALFORM 1. [uncountable] INSURANCE protection against loss or damage, especially in the form of an official written promise to pay for any losses or damage: • Every full time employee at our firm… …
6insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or …
7indemnity insurance — Insurance under a policy providing indemnification for actual loss or damage suffered by the insured (Shealey v American Health Ins. Corp. 220 SC 79, 66 SE2d 461, 27 ALR2d 942) as distinguished from insurance, particularly insurance under a… …
8indemnity bond — ➔ bond * * * indemnity bond UK US noun [C] INSURANCE ► a legal agreement in which a financial organization promises to make a payment to an organization that has lent money if they do not get the loan back: »Lenders reduce their risk by using… …
9Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …
10insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …
